Hotel Le Bleu Is on the Market for $12 Million

Hotel Le Bleu, the trailblazing Gowanus hotel, has been put on the market for a cool $12,000,000. CPEX Real Estate is marketing the seven-story, 48-room property at 370 4th Avenue, as well as the rooftop restaurant and lounge. Here’s what the listing says: “As Brooklyn further establishes itself as a hot spot for visitors, Hotel Le Bleu provides much-needed hospitality services in the under-serviced borough. The property is also in close proximity to the newly developed Barclays Center, which is not only the home of the Brooklyn Nets, but the stage for more than 200 live events annually.” The hotel first opened back in 2007 with some eyebrow-raising nightly rates. Since then, there have been a rotating cast of restaurants on the top floor, although the rooftop lounge has been open there for the past two years or so. GMAP

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